3GOL.L vs. CII

Last updated Jun 30, 2026

3GOL.L (WisdomTree Gold 3x Daily Leveraged) and CII (BlackRock Enhanced Large Cap Core Fund) are both funds - 3GOL.L is a Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index (300%), while CII is a Derivative Income fund actively managed by BlackRock. 3GOL.L is passively managed, while CII is actively managed. Over the past 10 years, 3GOL.L returned 15.21%/yr vs 15.39%/yr for CII. At a correlation of -0.01, they often move in opposite directions. 3GOL.L charges 0.99%/yr vs 0.91%/yr for CII.

Performance

3GOL.L vs. CII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Gold 3x Daily Leveraged (3GOL.L) and BlackRock Enhanced Large Cap Core Fund (CII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 3GOL.L achieves a -36.55% return, which is significantly lower than CII's 12.96% return. Both investments have delivered pretty close results over the past 10 years, with 3GOL.L having a 15.21% annualized return and CII not far ahead at 15.39%.

3GOL.L

• 1D: -4.45%
• 1M: -34.28%
• YTD: -36.55%
• 6M: -39.67%
• 1Y: 25.90%
• 3Y*: 57.28%
• 5Y*: 29.93%
• 10Y*: 15.21%

CII

• 1D: 2.00%
• 1M: -1.77%
• YTD: 12.96%
• 6M: 14.33%
• 1Y: 41.39%
• 3Y*: 22.96%
• 5Y*: 14.77%
• 10Y*: 15.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

3GOL.L vs. CII - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
3GOL.L WisdomTree Gold 3x Daily Leveraged	-36.55%	236.16%	60.51%	20.28%	-13.87%	-21.60%	50.85%	47.36%	-12.42%	25.08%
CII BlackRock Enhanced Large Cap Core Fund	12.96%	37.78%	12.70%	18.47%	-13.21%	34.26%	8.11%	30.46%	-8.60%	27.73%

Correlation

The correlation between 3GOL.L and CII is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since Dec 20, 2012	-0.01

The correlation between 3GOL.L and CII shifts across timeframes, from -0.01 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

3GOL.L vs. CII — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

3GOL.L

3GOL.L Risk / Return Rank: 15
3GOL.L Sharpe Ratio Rank: 13
3GOL.L Sortino Ratio Rank: 18
3GOL.L Omega Ratio Rank: 19
3GOL.L Calmar Ratio Rank: 13
3GOL.L Martin Ratio Rank: 13

CII

CII Risk / Return Rank: 85
CII Sharpe Ratio Rank: 90
CII Sortino Ratio Rank: 83
CII Omega Ratio Rank: 81
CII Calmar Ratio Rank: 85
CII Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

3GOL.L vs. CII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Gold 3x Daily Leveraged (3GOL.L) and BlackRock Enhanced Large Cap Core Fund (CII). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	3GOL.L	CII	Difference
Sharpe ratio: Return per unit of total volatility	0.33	2.63	-2.30
Sortino ratio: Return per unit of downside risk	0.94	3.44	-2.49
Omega ratio: Gain probability vs. loss probability	1.13	1.45	-0.32
Calmar ratio: Return relative to maximum drawdown	0.40	3.56	-3.17
Martin ratio: Return relative to average drawdown	0.94	13.03	-12.08

3GOL.L vs. CII - Sharpe Ratio Comparison

The current 3GOL.L Sharpe Ratio is 0.33, which is lower than the CII Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of 3GOL.L and CII, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

3GOL.L vs. CII - Drawdown Comparison

The maximum 3GOL.L drawdown since its inception was -83.81%, which is greater than CII's maximum drawdown of -56.43%. Use the drawdown chart below to compare losses from any high point for 3GOL.L and CII.

Drawdown Indicators

	3GOL.L	CII	Difference
Max Drawdown Largest peak-to-trough decline	-83.81%	-56.43%	-27.38%
Max Drawdown (1Y) Largest decline over 1 year	-64.85%	-11.67%	-53.18%
Max Drawdown (3Y) Largest decline over 3 years	-64.85%	-21.05%	-43.80%
Max Drawdown (5Y) Largest decline over 5 years	-64.85%	-22.32%	-42.53%
Max Drawdown (10Y) Largest decline over 10 years	-64.85%	-40.56%	-24.29%
Current Drawdown Current decline from peak	-64.57%	-1.77%	-62.80%
Average Drawdown Average peak-to-trough decline	-60.94%	-6.17%	-54.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.34%	3.19%	+24.15%

Volatility

3GOL.L vs. CII - Volatility Comparison

WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a higher volatility of 26.74% compared to BlackRock Enhanced Large Cap Core Fund (CII) at 6.11%. This indicates that 3GOL.L's price experiences larger fluctuations and is considered to be riskier than CII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3GOL.L	CII	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.74%	6.11%	+20.63%
Volatility (6M) Calculated over the trailing 6-month period	70.00%	12.49%	+57.51%
Volatility (1Y) Calculated over the trailing 1-year period	78.22%	15.87%	+62.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.24%	17.23%	+36.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.88%	18.58%	+29.30%

3GOL.L vs. CII - Expense Ratio Comparison

3GOL.L has a 0.99% expense ratio, which is higher than CII's 0.91% expense ratio.

Dividends

3GOL.L vs. CII - Dividend Comparison

3GOL.L has not paid dividends to shareholders, while CII's dividend yield for the trailing twelve months is around 15.28%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
3GOL.L WisdomTree Gold 3x Daily Leveraged	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CII BlackRock Enhanced Large Cap Core Fund	15.28%	16.65%	6.15%	6.28%	12.27%	4.98%	6.03%	5.79%	7.06%	6.07%	8.38%	8.49%

Frequently Asked Questions

Can I hold both 3GOL.L and CII in my portfolio?

3GOL.L and CII have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.